A Review Of 86 cash

A Review Of 86 cash

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c) The registered man or woman has gained a refund of greater than Rs. One particular lakh from the previous monetary 12 months underneath inverted duty construction

Once Ruiz turned about documents confirming the payments — just one for just a automobile accident injury and A different for chronic housing code violations at his apartment creating — the FBI, underneath court docket get, gave back his funds.

Jane Bambauer, a legislation professor with the University of Arizona, reported that underneath the limits Kim imposed to the search, the usage of drug canine to smell cash Within the packing containers was a 4th Amendment violation.

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Conversely, In the event the turnover is a lot less than Rs. six crores inside of a monetary yr although the taxable materials for almost any thirty day period exceeds Rs. fifty lakhs, then Rule 86B stands captivated.

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I didn't implement rule 86B in a specific thirty day period. Would there be considered a penalty, curiosity or reversal of ITC in subsequent month?

Ans. A single isn't going to should cumulatively calculate the taxable supplies by merging check here values of the sooner month. Just one ought to only discover the taxable materials of the current month to find out if it exceeds Rs. fifty lakhs. If Indeed, one really should adjust to this provision.

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